Headquartered in Bethesda, MD·Fiscal year ends December·NYSE: LMT·lockheedmartin.com
About Lockheed Martin
Lockheed Martin Corporation is a global defense technology company that develops, manufactures, and sustains advanced technology systems, products, and services for military and government customers worldwide. The company operates through four business segments: Aeronautics (including the F-35 Lightning II, F-16 Fighting Falcon, and C-130 Hercules programs), Missiles and Fire Control (including PAC-3, THAAD, GMLRS, Precision Strike Missile, and Hellfire systems), Rotary and Mission Systems (including Sikorsky helicopters, Aegis combat systems, radar programs, and sensors/effectors), and Space (including strategic and missile defense programs such as Fleet Ballistic Missile and Next Generation Interceptor, as well as national security space missions). The company is heavily reliant on U.S. Government contracts and is a major provider of integrated air and missile defense systems. Lockheed Martin is actively integrating AI, autonomy, and digital technologies into its defense platforms and collaborating with commercial technology companies and startups to accelerate innovation. Updated
Backlog is contracted revenue waiting to be delivered, so Lockheed's 63% gain is years of visibility already locked in. The question now is whether production capacity can convert it fast enough.
US Defense contractors are reporting record backlog figures this quarter.
RTX Corporation +35%
Lockheed Martin +63%
Northrop Grumman +20%
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Spotify opened up 10.5% to lead a 389-name board, with Lockheed Martin close behind at 9.3%. The pain is concentrated in chip gear and optics, where Lam Research gave up 10.2% at the bell.
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Pentagon contracts lock in cash flows years before a dividend check ever gets cut, and four defense giants are sitting on backlogs that stretch well into the next decade. The question is…
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Lockheed Martin Corporation is a global defense technology company that develops, manufactures, and sustains advanced technology systems, products, and services for military and government customers worldwide.
What is the LMT stock price target?
24/7 Wall St.'s 12-month price target for LMT is $702.13, rated Buy. The Wall Street consensus target is $652.57. LMT price prediction →